Final answer:
Customers who lease a vehicle can often choose from various payment plans such as weekly and bi-weekly payments, traditional monthly payments, or an early buyout option. Leasing often involves lower down payments and monthly costs but may include mileage restrictions with potential excess mileage charges.
Step-by-step explanation:
When choosing a payment option for leasing a vehicle, customers typically have multiple choices to fit their budget and usage patterns. Some common payment options include:
Leasing a vehicle generally involves a smaller down payment compared to purchasing, and the monthly payments are also usually lower. However, leasing can come with constraints, such as mileage limits where an excess mileage charge applies if you exceed a certain number of miles, typically around 10,000 miles per year.